OECD recommends more monetary easing from ECB

03/29/2013 | Bloomberg · Wall Street Journal, The

The Organization for Economic Cooperation and Development suggests that the European Central Bank consider more quantitative easing to bolster growth. "There is a strong case to ease monetary policy further, given weak demand and inflation well below the ECB's objective," according to the OECD. "More specific forward guidance could be given by the ECB. Further thought should be given to how to expand quantitative easing."

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Bloomberg · Wall Street Journal, The